Rating: 
- Too Cliche
This book is good, and it is motivating, but the author tries to sound too smart with his Wall Street [...] his care-free effort of trying to sound extra confident, yet he has quite a few contradictory statements. I think that a little more info and less hype would make for an even better book. One of the reasons I gave it 4 stars is because of the bottom fishing style he advertises. It's "not bottom fishing" according to him as he does not promote that but you would just have to assume that when you catch a stock at the brink of a reversal without waiting for much price action then you're 'safely' bottom fishing, so I gave it four stars for teaching something different.
Thanks,
Mikey
Rating:
- Outstanding book on trading
This book was awesome. So good in fact I am halfway through it a second time. LOTS of great useful information to help one succeed in trading.
Dr. Elder lays out a plan to enter, pick a target, and exit a trade successfully.
With every single trade he teaches in detail how to stay disciplined and organized.
I highly recommend it.
Rating: - Come Into My Trading Room: A Complete Guide to Trading
Excellent book - I have been studying and trading the stock market for 25 years. This book is a guide on how to trade - the basis for making a profit. I highly recommend the book.
Rating:
- Simplistic
This book is merely a simplistic overview strictly for newcomers. It attempts to address all angles and ends up being a 'Jack of all trades' gloss over important subjects.
If you are new to the game I would consider it as an introduction but, if you are already trading...don't waste your time.
Rating: - excellent work, serious and clear
I have had the fortune of reading this book.
I think it is a very serious book about trading. It does not sell some magic illusions, but a method.
A serious method which you can fit to your trading style and your favourite indicators.
If you have an open mind and love the research this book is like gold.
The system described in this excellent work is not something magic you can get and apply. It's ten times better. It is a great work plan. It is a macro scheme in which you can import the technical indicators that better fits to you. A macro scheme you can implement and improve while learning.
I highly recommend to read and read this book. And to study with attention every passage.
Like the author says, the ones who took the scheme and adapted it to their style are winners.
Like most of beginners I was testing so many indicators, but I had not a plan. I had not a clear idea of how to implement a serious working plan. This book, if you STUDY it will take your hand and force you to start with method, with clearness, with a well defined approach.
It contains lots of ideas and inspired me a lot more.
It covers psychological attitude, some classical technical analysis and some indicators very well. All explanations are clear, I have programmed easily everything in this book with a simple excel sheet and with simple VBA.
Then there is a well defined approach to trading and a useful chapter on money management.
This book forces you to pay attention to money management and stops. Not only initial stops, but trailing stops.
This book forces you to chose a few indicators and learn to use them well.
This book helps you to have the right mental attitude.
It will take lot of time to put all the information of the book into your trading plan, including set up, filters, entry strategy, exit strategy, stoploss and trailing stops and money management...but eventually you'll have something that really works.
Every field touched in this work is obviously too large to be exhaustively described, but Dr. Elder made a real good work. I think you can take Dr. Elder's work as a powerful basis and then start to work on every single aspect of trading to improve it and your understanding of it.
The only disappointing thing about this book is the last section on trading examples. They are clear but chosen well to impress a superficial reader. The charts used show there were similar days where take action, but the action described are always taken at the right time, not considering the cases in the same charts where action could be taken and result in a loss.
But this doesn't influence my opinion cause all books I read have some beautiful chart to show some winning trade.
I've to say that the subtitle of this book is completely true.
This book is a complete guide.
I'm glad to Dr. Elder for sharing his work with the public in such serious and nice reading way.
- Too ClicheThis book is good, and it is motivating, but the author tries to sound too smart with his Wall Street [...] his care-free effort of trying to sound extra confident, yet he has quite a few contradictory statements. I think that a little more info and less hype would make for an even better book. One of the reasons I gave it 4 stars is because of the bottom fishing style he advertises. It's "not bottom fishing" according to him as he does not promote that but you would just have to assume that when you catch a stock at the brink of a reversal without waiting for much price action then you're 'safely' bottom fishing, so I gave it four stars for teaching something different.
Thanks,
Mikey
Rating:
- Outstanding book on tradingThis book was awesome. So good in fact I am halfway through it a second time. LOTS of great useful information to help one succeed in trading.
Dr. Elder lays out a plan to enter, pick a target, and exit a trade successfully.
With every single trade he teaches in detail how to stay disciplined and organized.
I highly recommend it.
Rating:
- Come Into My Trading Room: A Complete Guide to TradingExcellent book - I have been studying and trading the stock market for 25 years. This book is a guide on how to trade - the basis for making a profit. I highly recommend the book.
Rating:
- Simplistic This book is merely a simplistic overview strictly for newcomers. It attempts to address all angles and ends up being a 'Jack of all trades' gloss over important subjects.
If you are new to the game I would consider it as an introduction but, if you are already trading...don't waste your time.
Rating:
- excellent work, serious and clearI have had the fortune of reading this book.
I think it is a very serious book about trading. It does not sell some magic illusions, but a method.
A serious method which you can fit to your trading style and your favourite indicators.
If you have an open mind and love the research this book is like gold.
The system described in this excellent work is not something magic you can get and apply. It's ten times better. It is a great work plan. It is a macro scheme in which you can import the technical indicators that better fits to you. A macro scheme you can implement and improve while learning.
I highly recommend to read and read this book. And to study with attention every passage.
Like the author says, the ones who took the scheme and adapted it to their style are winners.
Like most of beginners I was testing so many indicators, but I had not a plan. I had not a clear idea of how to implement a serious working plan. This book, if you STUDY it will take your hand and force you to start with method, with clearness, with a well defined approach.
It contains lots of ideas and inspired me a lot more.
It covers psychological attitude, some classical technical analysis and some indicators very well. All explanations are clear, I have programmed easily everything in this book with a simple excel sheet and with simple VBA.
Then there is a well defined approach to trading and a useful chapter on money management.
This book forces you to pay attention to money management and stops. Not only initial stops, but trailing stops.
This book forces you to chose a few indicators and learn to use them well.
This book helps you to have the right mental attitude.
It will take lot of time to put all the information of the book into your trading plan, including set up, filters, entry strategy, exit strategy, stoploss and trailing stops and money management...but eventually you'll have something that really works.
Every field touched in this work is obviously too large to be exhaustively described, but Dr. Elder made a real good work. I think you can take Dr. Elder's work as a powerful basis and then start to work on every single aspect of trading to improve it and your understanding of it.
The only disappointing thing about this book is the last section on trading examples. They are clear but chosen well to impress a superficial reader. The charts used show there were similar days where take action, but the action described are always taken at the right time, not considering the cases in the same charts where action could be taken and result in a loss.
But this doesn't influence my opinion cause all books I read have some beautiful chart to show some winning trade.
I've to say that the subtitle of this book is completely true.
This book is a complete guide.
I'm glad to Dr. Elder for sharing his work with the public in such serious and nice reading way.